Property Rates in Colaba, Mumbai

As of March 2026, the average asking price in Colaba, Mumbai, is ₹54,645 per sq ft, while the Government Registration Rate is ₹43,008 per sq ft. This indicates a difference of approximately ₹11,637 per sq ft, suggesting that market asking prices are currently higher than the government's assessed rates for property transactions.

Colaba has experienced a generally upward trend in property prices over the past year. From June 2025 to March 2026, the average asking price increased from ₹45,179 per sq ft to ₹54,645 per sq ft, marking a significant rise. While there was a dip in micromarket rates between Dec 2025 and Mar 2026, the overall location rate shows consistent growth, signaling increasing demand and value.

Property rates vary significantly across neighbourhoods in and around Colaba. As of March 2026, Marine Lines shows the highest average rate at ₹99,887 per sq ft, followed by Walkeshwar at ₹94,986 per sq ft and Charni Road at ₹81,627 per sq ft. In contrast, areas like Fort and Kalbadevi are more affordable, with average rates of ₹41,267 per sq ft and ₹42,419 per sq ft, respectively. Girgaon stands out with a substantial appreciation of 160.3%, reaching ₹1.16 Lakh per sq ft.

The average price for apartments in Colaba, Mumbai, was ₹54,645 per sq ft as of March 2026. This segment has seen an appreciation of 3.26% over the recent period, reflecting steady demand for apartment living in the area.

As of March 2026, Ready To Move properties in Colaba are priced at an average of ₹46,042 per sq ft, which has seen a slight depreciation of 2.41%. Well Occupied properties, on the other hand, are priced at ₹43,563 per sq ft and have appreciated by 3.06%. This suggests that while Ready To Move properties are currently priced higher, Well Occupied properties have shown stronger recent growth.

As of March 2026, several projects in Colaba have recorded transactions, with Waterfront Tower, Owners Court, and Sunita Building each registering one transaction. While Waterfront Tower is listed at ₹60,464 per sq ft, Sunita Building has seen a slight depreciation of 1.80% to ₹41,142 per sq ft. Other projects like Candy Castle CHS and Sukh Niwas also show one transaction each, with Sukh Niwas appreciating by 3.73% to ₹41,142 per sq ft.

As of March 2026, Waterfront Tower leads in Colaba with a high transaction value of ₹18 Cr and a rate of ₹60,464 per sq ft. Bradys Apartment follows with a value of ₹9.9 Cr. Atur Apartment and Candy Castle CHS are also among the top projects by value, both priced at ₹41,142 per sq ft, with Atur Apartment showing a recent appreciation of 3.73%.

The average rental rate in Colaba, Mumbai, is ₹195 per sq ft as of March 2026, with an average monthly rent of ₹87,214 for a 1 BHK, ₹1.57 Lakh for a 2 BHK, and ₹3.71 Lakh for a 3 BHK. The current rental yield stands at 4.28%, indicating the potential return on investment for property owners renting out their units.

Rental rates in Colaba show significant variation by micromarket. As of March 2026, Cuffe Parade commands the highest average rental rate at ₹244 per sq ft, appreciating by 10.41%. Azad Nagar Colaba and Churchgate follow with rates of ₹234 per sq ft and ₹231 per sq ft, respectively. Girgaon offers more affordable rentals at ₹157 per sq ft, though it has seen a 12.14% appreciation.

In Colaba, rental prices vary significantly by BHK configuration. As of March 2026, a 1 BHK apartment typically rents for ₹87,214 per month. For larger spaces, a 2 BHK apartment commands an average of ₹1.57 Lakh per month, while a 3 BHK apartment can be rented for approximately ₹3.71 Lakh per month, reflecting the demand for premium living spaces.

As of March 2026, Colaba Court leads in rental rates at ₹264 per sq ft, followed by Sangam Bhavan Colaba at ₹248 per sq ft. Kartar Bhavan is also among the top, with a rental rate of ₹227 per sq ft, though it has experienced a depreciation of 5.42%. These projects indicate a premium segment within the Colaba rental market.

The average rental rate for apartments in Colaba, Mumbai, was ₹195 per sq ft as of March 2026. This rate has appreciated by 6.56% over the recent period, indicating a growing demand for rental apartments in the locality.

As of March 2026, the average asking price in Colaba is ₹54,645 per sq ft, while the Government Registration Rate is ₹43,008 per sq ft. This gap suggests that the current market is driven by higher buyer expectations or premium property features, as asking prices significantly exceed the rates registered with the government. This could imply a strong seller's market or a lag in official valuation updates.